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of <h1>India's January 2022 Exports Surge 36.76%, Trade Deficit Hits USD 6.35 Billion Amid Rising Imports.</h1> India's exports in January 2022 reached USD 61.41 billion, marking a 36.76% increase compared to the previous year and a 38.90% rise from January 2020. Imports were USD 67.76 billion, growing 30.54% from the previous year. The trade balance showed a deficit of USD 6.35 billion. For the April-January 2021-22 period, exports totaled USD 545.71 billion, up 37.68% from the previous year, while imports were USD 616.91 billion, a 54.35% increase. The trade deficit was USD 71.19 billion. Non-petroleum and non-gems jewelry exports and imports also saw significant growth. Services exports and imports increased notably, with a trade balance of USD 11.07 billion in January 2022.
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